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Mar 20, 2019
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kate rogers has more on fedex's results. >> the big thing to focus on are, continued impacts of global slowdown on the company's business, the cfo sd in a tiatement slowing international macroeconomic cons and weaker global trade growth trends continue as seen in our year-over-year declines in fedex revenue. they low its guidance for the itfull-year w a weaker q4 range than anticipated, due to concerns over global trade growth. this comes afterg lower guidance last quarter, citing eaker international business, particularly ineurope. for "nightly business report," i'm kate rogers. >>> so let's turn now to donald brotton for more on fedex's results and what those numbers may be telling us about the heth of the econom nice to have you here, don, elcome. >> nice to behere, thank you. >> all right. what do you make of these results? obviously the street thinks that it does not portend anything on
kate rogers has more on fedex's results. >> the big thing to focus on are, continued impacts of global slowdown on the company's business, the cfo sd in a tiatement slowing international macroeconomic cons and weaker global trade growth trends continue as seen in our year-over-year declines in fedex revenue. they low its guidance for the itfull-year w a weaker q4 range than anticipated, due to concerns over global trade growth. this comes afterg lower guidance last quarter, citing eaker...
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Mar 22, 2019
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well, time for the morning's top trending stories kate rogers back with those. kate, what should we be talking about this morning >> i've got a few for you. good morning, and happy friday >> the beer battle that began with this bud light ad continues. >> this corn syrup was just delivered. >> that's not ours we don't brew bud light with corn syrup >> miller light uses corn syrup. >> miller coors isn't taking that shot lying down they're suing anheuser-busch for the false and misleading ads campaign miller coors is asking a federal court to stop the bud light ads and to force anheuser-busch to launch a new campaign to correct the record, but bud light also isn't backing down saying its campaign is completely truthful. it's just interesting. these are always tongue-in-cheek, in good fun >> bud light put out another ad in response to miller coors sayi saying. >> america really does run on dunkin', but what if dunkin' is running late new jersey transit was under fire yesterday as early morning commuters missed their trains at hamilton station nj transit blamed dunki
well, time for the morning's top trending stories kate rogers back with those. kate, what should we be talking about this morning >> i've got a few for you. good morning, and happy friday >> the beer battle that began with this bud light ad continues. >> this corn syrup was just delivered. >> that's not ours we don't brew bud light with corn syrup >> miller light uses corn syrup. >> miller coors isn't taking that shot lying down they're suing anheuser-busch...
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Mar 15, 2019
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let's get over to kate rogers and get a news update. >> hey, carl here's your update at this hour. tragedy unfolding overnight in new zealand. at least 49 people have died after shootings at two mosques in the city of christ. officials say one man in his last 20s has been charged with murder the prime minister called friday one of new zealand's darkest days >>> boeing announcing it is suspending deliveries of its 737 max aircraft, but will continue to build them at current rate of 52 per month those planes are expected to be grounded for weeks, pending an investigation. separately the american airlines pilots union told its members not to fly to venezuela. this comes after the state department issued a warning about the country and suspended operations at the u.s. embassy in caracas american is the last major u.s. airline to offer flights into venezuela. >>> and north korea is considering suspending talks with the united states and rethinking its ban on missile and nuclear tests unless washington makes concessions
let's get over to kate rogers and get a news update. >> hey, carl here's your update at this hour. tragedy unfolding overnight in new zealand. at least 49 people have died after shootings at two mosques in the city of christ. officials say one man in his last 20s has been charged with murder the prime minister called friday one of new zealand's darkest days >>> boeing announcing it is suspending deliveries of its 737 max aircraft, but will continue to build them at current rate...
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Mar 15, 2019
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for "nightly business report," i'm kate rogers inhackensack, new jersey. >>> time to take a look at some of today's upgrades and downgrades. cowen initiated coverage of apple as a outperform. it was based on increasing contributions to earnings fromp s services business. the price target now $220. apple closed at $183.73 today, up 1%. >>> btig is upgrading snap to a bul. from neut this is the analyst's first buy eting since snap c public two years ago. he cited snapchat's move to mor premium produced content. the price target is noun $15. snap got 12% closer to that today, up to >>> microsoft is getting a buy rating. the firm sees the company's cloud business c tinuing to drive strong overall growth. the price target $135.of micr rose nearly a dime to close at $114.fi59. boeing's max fleet is grounded, airlines are scrambling to reok flyers and keep routes open. passengers are letting their feelings be known about the jet at the center of the whole controversy. frank holland is at new york's o lagard a for us tonight. >> reporter: boeing's 737 max jets are now grounded, but passengers li
for "nightly business report," i'm kate rogers inhackensack, new jersey. >>> time to take a look at some of today's upgrades and downgrades. cowen initiated coverage of apple as a outperform. it was based on increasing contributions to earnings fromp s services business. the price target now $220. apple closed at $183.73 today, up 1%. >>> btig is upgrading snap to a bul. from neut this is the analyst's first buy eting since snap c public two years ago. he cited...
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Mar 30, 2019
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kate rogers is iinfairfax, vi. >> reporter: rolling out of bed and io the dining hall to grab a bite to eat is so last semester. >> hello, i'm a starship delivery robot. >> reporter: now george mason university students like victoria and jasmine can get food delivered to their dorm, brary or wherever they are on campus by robot. the college is the first to team up with starship technologies to offer food and beverage delivery via autonomous robots. >> i got buper excitedause i don't like walking across campus to get food. when i found that it had dunkin, i was like yay, coffee that will come to me and i don't have to walk in the cold for. >> reporter: since launching in late january, more than 10,000 deliveries have been made at gmu via robot. services haven been ed to 2:00 a.m. and there are plans to expand to 24 hours in the near future, with restaurants beway, ng dunkin, should steak and shaike and einstein brothe $1.99. so far pizza has been the most polar with students o campus with about 70 orders coming in per day via the robot. make that 71. the company also says there's a bo
kate rogers is iinfairfax, vi. >> reporter: rolling out of bed and io the dining hall to grab a bite to eat is so last semester. >> hello, i'm a starship delivery robot. >> reporter: now george mason university students like victoria and jasmine can get food delivered to their dorm, brary or wherever they are on campus by robot. the college is the first to team up with starship technologies to offer food and beverage delivery via autonomous robots. >> i got buper...
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Mar 8, 2019
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we have full coverage of the po teshlgly market moving numbers kate rogers looking at where the jobs are let's begin with a key number to watch in today's report. joe, chief economist at rsm. great to see you, joe. >> there's the headline number, which we're going to ring and then there's all the stuff in the middle what's key to you? is it the headline number? >> not really. what i'm looking at is wages i'm expecting to see a 0.3% increase in average hourly earnings, which should bring the three-month moving anchd around 0.3% >> wages are starting to rise. it's largely at the lower end. beleaguered lower two incomes quintiles. i like to look at ag gat hours look it looks at where spending is going to go, and because we had a huge decline of retail sales in december, we want to see those hours increase, which will give us a sense that perhaps consumers have rebounded >> you want to see not only people are making more, but they are working more, which is a double push for the economy. >> that's right. we also want to see a reversal of some of the horrible numbers we saw inside that re
we have full coverage of the po teshlgly market moving numbers kate rogers looking at where the jobs are let's begin with a key number to watch in today's report. joe, chief economist at rsm. great to see you, joe. >> there's the headline number, which we're going to ring and then there's all the stuff in the middle what's key to you? is it the headline number? >> not really. what i'm looking at is wages i'm expecting to see a 0.3% increase in average hourly earnings, which should...
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Mar 13, 2019
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let's get straight to kate rogers with the details on boeing >> good morning. the faa's acting administminist issuing a statement late yesterday saying a review of the boeing 737 max has shown no basis to ground the aircraft following the second did deadly crash in the past six months daniel also says no other aviation authorities have warranted the faa taking any action at this time. he says if any -- the airworthy of the aircraft are identified, it the faa will take immediate and appropriate action u.s. secretary of transportation is resisting calls to ground the plane unlessit's determined they are not safe to fly chow even flew on a boeing 737 max 8 jet from austin, texas, to washington yesterday afternoon boeing confirms ceo dennis mullenberg spoke with president trump by phone yesterday assuring him that the max 8 is safe that's after the president tweeted that planes are becoming far too complex to fly boeing wouldn't provide more details on their conversation. hong kong is the latest to ban the 737 max from its airspace until further notice roughly, two
let's get straight to kate rogers with the details on boeing >> good morning. the faa's acting administminist issuing a statement late yesterday saying a review of the boeing 737 max has shown no basis to ground the aircraft following the second did deadly crash in the past six months daniel also says no other aviation authorities have warranted the faa taking any action at this time. he says if any -- the airworthy of the aircraft are identified, it the faa will take immediate and...
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i'm kate rogers at cnbc headquarters. chip hoetly launched its rewards program. th chain is teaming with ve nfrmt mo to give $250,000 to 25,000 people per day. you can win anywhere from $1 to $500 and no purchase is necessary. me.comto chipotle reward and enter a phone number you use with your venmo account. it only runs through friday. with your cnbc morning business report, i'm kate >>rogers. 47 degrees right now. plenty of sunshine out there, though. that makes it ce. and dry cars forn miles. no r in sight. >> until friday. the thing about that, we're not going to have any rain to geen pout of here. we're in that season again spring, we start to see the pollen pop up. everybody is sezing and coughing. eyes are watering. what's going on. the tree pollen out there. juniper, maple, elm even. we're dealing with hat tree pollen levels running pretty high. i suspect they're going to do that through the day on friday oktil the rain washes it out of here. t these temperatures. today above normal. our average temperature is 54. tomorrow, looking good. looking like spri
i'm kate rogers at cnbc headquarters. chip hoetly launched its rewards program. th chain is teaming with ve nfrmt mo to give $250,000 to 25,000 people per day. you can win anywhere from $1 to $500 and no purchase is necessary. me.comto chipotle reward and enter a phone number you use with your venmo account. it only runs through friday. with your cnbc morning business report, i'm kate >>rogers. 47 degrees right now. plenty of sunshine out there, though. that makes it ce. and dry cars forn...
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Mar 29, 2019
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rogers is on campus with the story. hey, kelly. >> reporter: the college first to team up with star ship technologies to offer food and beverage delivery basically on demand via autonomous robot. since launching this service in late january, they say about 10,000 deliveries have been made so far via robot services have been extended to 2:00 al. there are plans to make that 24 hours in the near future with restaurants including dunkin, subway, steak and shake and einstein brothers all participating. good news, starbucks and chick-fil-a on the way very soon delivery fees low. $1.99 and used to be a novelty to get these deliveries via robot but now just become a part of life on campus. >> in the very beginning, people used to just order drinks and have a robot come to their dorm and show their friends but they're ordering more normal things now, kind of died down but still very popular we get so many orders a day. >> reporter: the company said there's been a big boost in breakfast deliveries i guess the students are happy
rogers is on campus with the story. hey, kelly. >> reporter: the college first to team up with star ship technologies to offer food and beverage delivery basically on demand via autonomous robot. since launching this service in late january, they say about 10,000 deliveries have been made so far via robot services have been extended to 2:00 al. there are plans to make that 24 hours in the near future with restaurants including dunkin, subway, steak and shake and einstein brothers all...
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Mar 1, 2019
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kate rogers. >>> one app for your transportation needs aut is what the city of berlin isbo to launch how could it work or could it work here? live in berlin next. " " so capital one is building something completely new. capital one cafes. inviting places with people here to help you, not sell you. and savings and checking accounts with no fees or minimums. because that's how it should be. you can open one from right here or anywhere in 5 minutes. seriously, 5 minutes... this is banking reimagined. what's in your wallet? when yowhat do you see?itical issues facing our world, we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward
kate rogers. >>> one app for your transportation needs aut is what the city of berlin isbo to launch how could it work or could it work here? live in berlin next. " " so capital one is building something completely new. capital one cafes. inviting places with people here to help you, not sell you. and savings and checking accounts with no fees or minimums. because that's how it should be. you can open one from right here or anywhere in 5 minutes. seriously, 5 minutes... this...
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Mar 19, 2019
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the delivery giant falling to the tune of about 5% let's get to kate rogers back at headquarters hey, kate. >> hey, melissa. fedex stock falling in the after-hours trade here the company missing on the top and bottom lines and again cutting its guidance due to concerns over global trade growth the ceo said slowing international macroeconomic conditions and weaker global growth trends continue saz seen in the year-over-year decline in our fedex express revenue. this is similar to what happened last quarter when the company lowered its guidance and the stock took a tumble. you can see the six-month performance in the chart up on the screen last quarter fred smith said that while the u.s. economy remains solid, the company's international business had weakened during the quarter. he also said global trade growth had slowed point to ongoing deceleration which is echoed in the quarter's comments on the call which kicks off at 5:30, we will be watching for any further commentary on global trade as well as comments on the u.s. economy in a note today analysts from bernstein said they would b
the delivery giant falling to the tune of about 5% let's get to kate rogers back at headquarters hey, kate. >> hey, melissa. fedex stock falling in the after-hours trade here the company missing on the top and bottom lines and again cutting its guidance due to concerns over global trade growth the ceo said slowing international macroeconomic conditions and weaker global growth trends continue saz seen in the year-over-year decline in our fedex express revenue. this is similar to what...
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Mar 12, 2019
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kate rogers is back at headquarters with the details. >> that's right. chipotle launched its loyalty program nationwide users can register online or via the company's app. they're teaming up with venmo depositing surprise amounts directly into venmo accounts for people who sign up at chipotlerewardme.com digital is growing quickly for the brand, up 66% in q4 and accounting for 13% of sales. the ceo told cnbc exclusively that lyoyalty will further engae customers with its digital platform. >> i think this will be a multiplier effect on our digital business and what we've seen in the markets is people just get more engaged and more committed in our digital system with the loyaltyprogram. >> under niccol's leadership chipotle has been moving to make it more seamless, installing pickup shelves for and drive-throughs for digital orders they have second lanes for digital to speed up the process. >> chipotle has a significant advantage in that we've built dedicated kitchens to serve digital orders we've integrated those kitchens both with our app and with deliv
kate rogers is back at headquarters with the details. >> that's right. chipotle launched its loyalty program nationwide users can register online or via the company's app. they're teaming up with venmo depositing surprise amounts directly into venmo accounts for people who sign up at chipotlerewardme.com digital is growing quickly for the brand, up 66% in q4 and accounting for 13% of sales. the ceo told cnbc exclusively that lyoyalty will further engae customers with its digital platform....
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Mar 18, 2019
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kate rogers takes a look ♪ wlana paul is a double winner under the new tax law, at least for now. the entrepreneur owns four businesses across iowa and saw her tax rate fall, thanks to a new business deduction she was also able to expend some major investment, buying six new tractors totaling a million dollars. her accountant says her savings looks substantial. >>eer estimating up to $40,000 and by utilizing that we gave our employee's raises knowing that would help us for taxes this year. >> reporter: but the changes to the individual tax code paul used to lower her taxes will expire after 2025. and main street advocates point out corporations still have a 21% rate while pass-through businesses could face rates of up to 29.6%. >> while we got ground work laid for small companies, we didn't actually get there so the big corporations that make millions of dollars are actually seeing their tax rates at a lower level than many small businesses that are pass-throughs that are making less money and we don't think that's fair we think we need to get closer to parody than we have. >> tax
kate rogers takes a look ♪ wlana paul is a double winner under the new tax law, at least for now. the entrepreneur owns four businesses across iowa and saw her tax rate fall, thanks to a new business deduction she was also able to expend some major investment, buying six new tractors totaling a million dollars. her accountant says her savings looks substantial. >>eer estimating up to $40,000 and by utilizing that we gave our employee's raises knowing that would help us for taxes this...
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Mar 18, 2019
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here with their takes are dom chu, kate rogers and robert frank. welcome, everyone. a lot to get through today first topic is a downgrade for facebook at needham moving the stock from buy to hold and putting a $170 price target on it now, the interesting thing is she's saying, lauren needham, the social giant's move toward privacy, the increased risk of regulation which we spoke about and executive departures recently will lead to a negative market effect, the opposite from what facebook's benefited from so far. >> as we talk about the idea that facebook is facing this huge hurdle, the other part of this is this idea that they're pivoting some of the strategy to be more focused on privacy they may be playing catch-up at this point because they have not exactly been the poster children for sharing or not sharing people's data. we've talked about this in the past but for a stock that's already run up by 30-some percent, you're talking about an idea in this downgrade where maybe it just got a little bit ahead of itself and that's the reason why people are a little bit c
here with their takes are dom chu, kate rogers and robert frank. welcome, everyone. a lot to get through today first topic is a downgrade for facebook at needham moving the stock from buy to hold and putting a $170 price target on it now, the interesting thing is she's saying, lauren needham, the social giant's move toward privacy, the increased risk of regulation which we spoke about and executive departures recently will lead to a negative market effect, the opposite from what facebook's...
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. >>> good morning i'm kate rogers at cnbc headquarters. chipotle finally launched its reward program nationwide and giving you a chance to win cash if you sign the chain is teaming to give away $250,000 to about 25,000 people per day. you can win anywhere from 1 to 0 nd no purchase is necessary. me.comto chipotle reward and enter the phone number you used with your account. you need to act fast, though. the contestnly runs through friday. i'm kate rogers with your cnbc business report. >>> still ahead the department of defense makes a big decision on the future o transgender troops in the u.s. military. >>> plus, why the student body of a local high school will need building a differe next year. and why the idea isn't sitting well with parents. well with parents. choosing my car insurance was the easiest decision ever. saved hundreds. switd that's a win. but it's not the only reason i switched. geico's a company i can trust, with over 75 years of great savings and service. ♪ now that's a win-win. switch to geico. it's a win-win. >> annou
. >>> good morning i'm kate rogers at cnbc headquarters. chipotle finally launched its reward program nationwide and giving you a chance to win cash if you sign the chain is teaming to give away $250,000 to about 25,000 people per day. you can win anywhere from 1 to 0 nd no purchase is necessary. me.comto chipotle reward and enter the phone number you used with your account. you need to act fast, though. the contestnly runs through friday. i'm kate rogers with your cnbc business...
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and tonight, kate rogers takes us into the company's digital future. >> reporter: mcdonald's spending some $300illion on the startup, according to people familiar with the deal. dynamic yield uses technology to help personalize the customer experience. mcdonald's will display it's in willrive-throughs which show food based on time of day, weather, traffic, and trending items.y it will displ additional items based on what they just ordered. the plan is to roll thisut into u.s. t restaurantss year and th into top international markets. this as they modernize and ur update rests around the globe. mcdonald's isn't alone with its focus on technology as consumer preferences change. chipotle is focusing on digital, seeing its digital sales skyrocket about 65% in the fourth quarter. the company is currently testing out chipotle lanes. duin' donuts rolled out a drive-through solely for mobile orders. part of its $100 million blueprint for growth to upda a location offerings through 2020. >>> and just last week, starbuts announced would focus on investing in and potentially partnering with food
and tonight, kate rogers takes us into the company's digital future. >> reporter: mcdonald's spending some $300illion on the startup, according to people familiar with the deal. dynamic yield uses technology to help personalize the customer experience. mcdonald's will display it's in willrive-throughs which show food based on time of day, weather, traffic, and trending items.y it will displ additional items based on what they just ordered. the plan is to roll thisut into u.s. t...
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. >> reporter: forne "nightly bu report," i'm kate rogers. >>> so what kind of impact will mcdonald's big shift on minimum wages have onro wagesd the country. joining us right now to talk abt it is markh hamrick. >> hello, bill. >> walmart, target amazon, now mcdonald's. they have come out in favor of $15 federal minimum wage. is that enough to make this become closer to a reality or not, do you think? >> bill, first of all, i'm a little more cautious about what mcdonald's either said or did t say. it seemed to me that what they really did signal was they didn't want to be seen as opposing a federal minimum wage increase. i didn't hear them say that they're going to raise their own minimum wages to$15 an hour. so let's stand back from that ju a little bit. as the reporter package ow indicated, there are only a minority of states across the country which are essentiallyte ered to that low federal minimum wage. states and localitiesave moved ahead of the federal government. the other politic reality is simply because house democrats want this to happen doesn'tean that the white house an
. >> reporter: forne "nightly bu report," i'm kate rogers. >>> so what kind of impact will mcdonald's big shift on minimum wages have onro wagesd the country. joining us right now to talk abt it is markh hamrick. >> hello, bill. >> walmart, target amazon, now mcdonald's. they have come out in favor of $15 federal minimum wage. is that enough to make this become closer to a reality or not, do you think? >> bill, first of all, i'm a little more cautious...
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Mar 22, 2019
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i'm kate rogers at cnbc global headquarters. here are today's top business led lines. wall street set to open lower this morning. the markets rallied yesterday. the dow was up more than 200 points with apple and other tech stocks leading the gains. investors also cheering the fed's decision to hit the pause button on further interest rate hikes for now as it believes the u.s. economy is starting to show signs of slowing. >>> pinterest could go public sooner rather than later. reports say the popular social media site has sped up the timing of its ipo and could make its market debut on the new york stock exchange in april. levi strauss soared in its first day of trading yesterday while lyft is expected to go public at the end of next week and uber is not that far behind. >>> americans are expected to get a tax refund but vary on what they plan to do with the cash. 18% say they'll save their entire refund. more than 30% plan to pay down debt. a quarter will use a portion on travel and entertainment, 20% will make retail purchases, 14% for home improvements and 4% will do
i'm kate rogers at cnbc global headquarters. here are today's top business led lines. wall street set to open lower this morning. the markets rallied yesterday. the dow was up more than 200 points with apple and other tech stocks leading the gains. investors also cheering the fed's decision to hit the pause button on further interest rate hikes for now as it believes the u.s. economy is starting to show signs of slowing. >>> pinterest could go public sooner rather than later. reports...
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Mar 26, 2019
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kate rogers with the details. >> mcdonald's spending $300 million on dynamic yield according to people who are familiar with the deal the company uses decision technology to help personalize the customer experience in its drive throughs the new menu shows food based on the time of day, whether current traffic in stores and even trending menu items. the tech will use data to instantly suggest and display additional items that customers might like based on what they've just ordered the company tested this technology in a few lochs laatis last year and then top international markets. from there, mcdonald's will integrate the technology into digital experience touch points including key yoioskkiosks the experience of the future rollout the store has taken on as it modernizes and adapts to changing customer preferences and analysts i talked to basically said restaurant companies know that customers more than ever want the speed and convenience. sometimes even more so than value and this is the really smart move for mcdonald's because it's forward thinking, keeps them very relevant and make
kate rogers with the details. >> mcdonald's spending $300 million on dynamic yield according to people who are familiar with the deal the company uses decision technology to help personalize the customer experience in its drive throughs the new menu shows food based on the time of day, whether current traffic in stores and even trending menu items. the tech will use data to instantly suggest and display additional items that customers might like based on what they've just ordered the...
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. >> sounds good thanks so much kate rogers in hackensack. >>> our mystery stock, the company is proving that leavi's isn't the only company can do big business in jeans. >> but what kind of jeans? >> we'll reveal it straight ahead on "power lunch. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. >>> let's turn back to the big story of the day, and that would be the big jobs miss just 20,000 jobs created in february that's way below the 180,000 estimate unemployment rate dropping to 3.8% does the jobs miss signal the start of an economic slowdown or is it a temporary pause in hiring, a blip mark morial is president and ceo of the national urban league
. >> sounds good thanks so much kate rogers in hackensack. >>> our mystery stock, the company is proving that leavi's isn't the only company can do big business in jeans. >> but what kind of jeans? >> we'll reveal it straight ahead on "power lunch. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs...
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Mar 18, 2019
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kate rogers is here with a spread and a look at what they're up to. >> buffalo wild wings with a new game and contest in partnership with draftkings for the ncaa basketball tournament allowing players to make in-game prop picks and if players wind up achieving that perfect bracket they will win a custom built buffalo wild wings location. buffalo wild wings acquired by private equity firm work capital group back in late 2017. since then, they launched inspire brands acquired sonic last fall and today inspire brands with $12 billion in system wide sales and 8,300 locations and paul is joining us here in an exclusive. >> i got to say -- >> thank you so much. >> welcome, paul did you have to bring all this food and they have already warned us that we can't eat this >> just looks too good. >> too bad we don't do smell-o-vision the aroma is killing us right now. smells so good. >> we brought the corporate chef of each of the brands here to prepare this today. >> they have put together amazing spread with draftkings, how's this going to work? >> i come into the -- let's say buffalo wild win
kate rogers is here with a spread and a look at what they're up to. >> buffalo wild wings with a new game and contest in partnership with draftkings for the ncaa basketball tournament allowing players to make in-game prop picks and if players wind up achieving that perfect bracket they will win a custom built buffalo wild wings location. buffalo wild wings acquired by private equity firm work capital group back in late 2017. since then, they launched inspire brands acquired sonic last...
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Mar 7, 2019
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. >> kate rogers needed this service. i think the average customer is around 29 years old. this will bring in a younger demographic. they will be renting things like throw blankets, pillows. i don't know i would want to rent those but at a younger age i would have. people may want to freshen up their apartment for a party. >> there is such a funny thing happening which is the freshening up in a modern way of an old concept. it is a little different. sometimes you can rent appliances or furniture. it just seems like a way to get more comfortable with something that is necessary when you are not able to just splurge on redoing yourhome all the time. >> you mentioned the word splurge. west elm isn't one of the more expensive furniture options. >> they are pretty pricey. >> how much can you actually rent these for >> why would you pay a monthly subscription model to never own anything >> especially if you are renting a pillow for $50 and it retails for $100. sometimes the math makes sense if it is a luxury item. >> you should have your own cut off date. by age 24. >> they are r
. >> kate rogers needed this service. i think the average customer is around 29 years old. this will bring in a younger demographic. they will be renting things like throw blankets, pillows. i don't know i would want to rent those but at a younger age i would have. people may want to freshen up their apartment for a party. >> there is such a funny thing happening which is the freshening up in a modern way of an old concept. it is a little different. sometimes you can rent appliances...
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Mar 1, 2019
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kate rogers looking at how the trade battle is impacting small business main street let's begin with wall street where frank holland has the pulse about chief financial officers dealing with all the uncertainty. frank. zbliej the u.s. outlook downgraded from improving to stable that ends a streak of ten consecutive quarters where it was viewed as improving. china's economy downgraded from stable to declining. the survey was taken before february 22nd. respondents were aware of the ongoing trade talks and had an indication that president trump will let his march 1st deadline for tariffs slide, which he did do that progress may be why fewer cfo's see u.s. trade policy as a risk to their business looking back to q4, more than one-third saw trade policy as the biggest external risk facing their business now that number just over a quarter. the number of cfo's who see trade policy as having a negative impact also declining slightly from 73% to 63% also back in q4, no cfo saw trade policy as positive or very negative now 5.6% see it positively, but 3.7% see it as very negative opinions abo
kate rogers looking at how the trade battle is impacting small business main street let's begin with wall street where frank holland has the pulse about chief financial officers dealing with all the uncertainty. frank. zbliej the u.s. outlook downgraded from improving to stable that ends a streak of ten consecutive quarters where it was viewed as improving. china's economy downgraded from stable to declining. the survey was taken before february 22nd. respondents were aware of the ongoing trade...
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Mar 11, 2019
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here with their takes are contessa brewer, bill griffeth and kate rogers. hello, everybody first the deadly crash raising safety concerns for commercial air travelers. people talking about the fears of flying on the same type of plane involved here. 737 max 8. a traveler tweeting southwest, which is one of the two u.s. airlines that uses these planes, why don't my reservations indicate the air type? i don't want to fly a boeing 737 max 8. another asking american if it's grounding the max 8 planes citing concerns for her husband's upcoming flight. also, guys in the prior case 737 max as a line is much bigger than the max 8. >> yes. >> what do you make of it all? >> let's first acknowledge the more than almost 400 souls that have been lost as a result of the two crashes. one time is an accident. two times is a coincidence third time is a trend. are they going to wait for a trend to do something about this i heard your analyst last half hour was hardly endorsing people getting on a max 8. >> no. >> so there are 350 max 8s in service around the globe right now.
here with their takes are contessa brewer, bill griffeth and kate rogers. hello, everybody first the deadly crash raising safety concerns for commercial air travelers. people talking about the fears of flying on the same type of plane involved here. 737 max 8. a traveler tweeting southwest, which is one of the two u.s. airlines that uses these planes, why don't my reservations indicate the air type? i don't want to fly a boeing 737 max 8. another asking american if it's grounding the max 8...
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Mar 14, 2019
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kate rogers has the latest from the conference call. >> the stock higher just under 4% ulta posting a very strong fourth quarter revenues coming in right in line same-store sales blowing past expectations at 9.4% compared to estimates of 7.9%. kylie jenner's line continues to be a popular boost to ulta's business. >> to update you on kylie cosmetics which launched in mid-november, we experienced very strong sales on the 28 products we offer and are essentially out of stock for a few weeks at the end of the quarter. this popular brand clearly drove store traffic and new customer acquisitions with an uptick in younger, more diverse guests product began flowing back into the stores in late january and we're currently in a much better in-stock position. >> the ce orks, mary dillon, will join "squawk box" exclusively tomorrow morning at 7:30 a.m. >>> now, beauty stocks have been turning heads this year. >> nice, nice. >> shares of coty surging 68%, ulta up 28%, estee lauder up 23%. are these makeup stocks ready for more gains tim. >> i do think if you look at the valuation here on ulta, it
kate rogers has the latest from the conference call. >> the stock higher just under 4% ulta posting a very strong fourth quarter revenues coming in right in line same-store sales blowing past expectations at 9.4% compared to estimates of 7.9%. kylie jenner's line continues to be a popular boost to ulta's business. >> to update you on kylie cosmetics which launched in mid-november, we experienced very strong sales on the 28 products we offer and are essentially out of stock for a few...
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Mar 13, 2019
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cnbc morning business report, i'm kate rogers. >>> 6:41 on a wednesday morning. dog-walking forecast little wilma here available for adoption through the humane rescue alliance a little under year old, high energy dog. temperatures are below freezing in most of se suburbs t morning, so it's a cold start for those dog walks, but weather will il be here for later on into the afternoon and evening. coming up in a few more nutes, ten-day forecast which includes potentially dry weather for your weekend. stay with us. >>> and take a look at this, some big delays here on 95 northbound at powder mill, some other issues on the roads and your travel times coming up. >>> and a smash and grab at then 711 lanham. thieves drove agh truck thr thieves drove agh truck thr the front glass window here and thieves drove agh truck thr the front glass window here and (music throughout) ♪ >>> it's n 6:44. as you wake up on this wednesday, it's been a busy morning of breaking news.e' here is what working on for you right now. >> three overnight crashes fcluding one through theront of
cnbc morning business report, i'm kate rogers. >>> 6:41 on a wednesday morning. dog-walking forecast little wilma here available for adoption through the humane rescue alliance a little under year old, high energy dog. temperatures are below freezing in most of se suburbs t morning, so it's a cold start for those dog walks, but weather will il be here for later on into the afternoon and evening. coming up in a few more nutes, ten-day forecast which includes potentially dry weather for...
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Mar 18, 2019
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rogers takes a look >> reporter: lana paul is a double winner under the new tax law. at least for now the entrepreneur owns four businesses across iowa and saw her tax rate fall. thanks to a new business deduction. she was also able to expense a major investment buying six new tractors totaling a million dollars. her accountant says her savings looks substantial. >> we're estimating up around $40,000. and by utilizing that, we gave employees raises knowing that was going to help us for taxes this year. >> reporter: but the changes to the individual taxes will expire after 2025 and main street advocates point out corporations still have a 21% rate while pass through businesses could still operate up to 29.6%. >> we got some ground work laid. the big corporations that make millions of dollars are seeing tax rates at a level of small businesses that are pass throughs that are making less money. and we don't think that's fair we think we need to get closer to parity than we have >> reporter: kate rogers, cnbc business news. >> for more on the impact of the new tax law, le
rogers takes a look >> reporter: lana paul is a double winner under the new tax law. at least for now the entrepreneur owns four businesses across iowa and saw her tax rate fall. thanks to a new business deduction. she was also able to expense a major investment buying six new tractors totaling a million dollars. her accountant says her savings looks substantial. >> we're estimating up around $40,000. and by utilizing that, we gave employees raises knowing that was going to help us...
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Mar 19, 2019
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. >> kate rogers is digging through this one kate has more on the outlook >> the full-year eps guidance is a bit weak and looking at q4 in particular, they're guiding with an implied range of $4.58 to $5.38. the estimates were calling for $5.39 so obviously the high-end of the range a penny below and in the mid range or the lower end of what i just told you could be bad and the stock down nearly 4.5% now. >> okay. kate, thank you very much for that clearly moments ago taking this as, oh, the past quarter spoke to your idea that the worst is out there in terms of international growth when you see guidance coming down, as well, a theme coming through a lot of companies earnings over the past quarter, does that not concern you? >> it concerns me to the extent that we have not gotten a trade deal yet so one of our key risk factors for the market and the global economy is can there be a trade deal with some teeth that can get global trade flows going again and like to see it by june and getting that going by june you could have a second half much stronger and most companies bring numbers dow
. >> kate rogers is digging through this one kate has more on the outlook >> the full-year eps guidance is a bit weak and looking at q4 in particular, they're guiding with an implied range of $4.58 to $5.38. the estimates were calling for $5.39 so obviously the high-end of the range a penny below and in the mid range or the lower end of what i just told you could be bad and the stock down nearly 4.5% now. >> okay. kate, thank you very much for that clearly moments ago taking...
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Mar 4, 2019
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bob pisani, kate rogers bob? >> i'm faemphasizing this buyers coming in the volume on the light side look at the market leadership groups, russell 2000, for example. you look at the transports doing well recently gently starting to roll over. transports down seven days in a row. sector leadership groups like bank stocks which were up 20%, 21%, in kind of gently overing today and not big selling but again no real interest in buying, just moving to the downside semiconductors with a great run over all and topped out. my point here is we need more of a catalyst i think the trade talk story exhausted itself at this point on a day of major comments from the president essentially even the trade names moved to the downside and health care, as well not normally traded and it is why i'm telling you about exhaustion individual stocks, amd, great stock run for the year down today boeing, industrials, down today and even some of the health care names. back to you. >> thank you let's check on what drove the selling at the nas
bob pisani, kate rogers bob? >> i'm faemphasizing this buyers coming in the volume on the light side look at the market leadership groups, russell 2000, for example. you look at the transports doing well recently gently starting to roll over. transports down seven days in a row. sector leadership groups like bank stocks which were up 20%, 21%, in kind of gently overing today and not big selling but again no real interest in buying, just moving to the downside semiconductors with a great...
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Mar 2, 2019
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joining me now is jeff mason and back with me our white house correspondent kate rogers and guy lee witness. jeff, let's start with you. i know you're back with vietnam there with the president. how worried should he be about the potential of investigation by the sdny? >> i think it's notable when an ally like chris christie says that that could be more dangerous to him than the mueller report, so i think there seem to be many reasons for him to be worried. i think, you know, the president is pretty transparent sometimes when he gets riled up and you saw from his speech today. he seems riled up. he had a rough week last week. the vietnam summit not leading to a conclusion that he was hoping for. you have the cohen testimony and he's upset and i think that this could be one of the reasons why as well. >> jeff, that interview that you were referring to right there from chris christie, let's take a listen and get the reaction on the other end. >> bob mueller is not what should concern the president or the white house, it's the southern district of new york. what they're doing, i'm confident, i
joining me now is jeff mason and back with me our white house correspondent kate rogers and guy lee witness. jeff, let's start with you. i know you're back with vietnam there with the president. how worried should he be about the potential of investigation by the sdny? >> i think it's notable when an ally like chris christie says that that could be more dangerous to him than the mueller report, so i think there seem to be many reasons for him to be worried. i think, you know, the...
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Mar 14, 2019
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kate rogers? >> that's right. the nice pop on the back of the strong q4. eps a beat $3.61. analysts looking for $3.56 revenue in line here at $2.21 billion and the stock higher likely on the same store sales number up 9.4% versus estimates of 7.9%. the company said comps were driven primarily of traffic. the average ticket grew by 2.3% in the quarter and projecting that they're going to open 80 new stores in 2019 also another thing to keep an eye out for, nothing in the release but the kylie jenner beauty line they sell exclusively at ulta and listening for that on the call. >> quick programming note, the ceo of ulta tomorrow on "squawk street." shares gaining comps were better. margins were stronger. two words. kylie cosmetics. >> specialty retail still in expansion mode and comps up 9% a year, the market loves that and a pricey stock near the highs and somewhat rare for specialty retail right now. >> i know you can't get into the specific stock movers, alli. >> which is why we haven't come to you in the last five minutes. >> in terms of themes trickling out and if they ke
kate rogers? >> that's right. the nice pop on the back of the strong q4. eps a beat $3.61. analysts looking for $3.56 revenue in line here at $2.21 billion and the stock higher likely on the same store sales number up 9.4% versus estimates of 7.9%. the company said comps were driven primarily of traffic. the average ticket grew by 2.3% in the quarter and projecting that they're going to open 80 new stores in 2019 also another thing to keep an eye out for, nothing in the release but the...
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Mar 23, 2019
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. >> kate here we have news that the investigation has come to a close. we have not learned who the senior trump campaign official was who directed to contact roger stone about any other additional releases and what other damaging information wikileaks had. this was in stone's indictment. why is that? does it appear that this could have just been passed on elsewhere to another district? >> well, it absolutely could have been any sort of information regarding obstruction of justice. still something that's a very open question, i believe. with the stone indictment we have to remember that as much as people wanted to find that connection to russia, this really just turned into a matter of roger stone having lied in the course of the investigation. that really all he was charged with, not actually having any of these connections. so there's a lot of open questions that are still out there about what maybe even president trump knew about certain conversations that took place. but that all falls into the realm of the process crimes ideas. >> i want to ask this
. >> kate here we have news that the investigation has come to a close. we have not learned who the senior trump campaign official was who directed to contact roger stone about any other additional releases and what other damaging information wikileaks had. this was in stone's indictment. why is that? does it appear that this could have just been passed on elsewhere to another district? >> well, it absolutely could have been any sort of information regarding obstruction of justice....